National HealthCare Corporation, a Tennessee-based leader in senior care, announced the successful close of a $50,500,000 acquisition of five high-performing skilled nursing facilities. The transaction marks the transition of facilities that have been managed by NHC subsidiaries since 1988, with the company now assuming full ownership of both operations and real estate to replace previous management agreements.
Portfolio Details and Performance
The portfolio includes four facilities in Tennessee and one in South Carolina, with a combined 566 operating beds currently at 94% occupancy. Quality ratings are strong: four of the five facilities hold an overall 5-Star rating on the CMS 5-Star rating system, while one facility has an overall 4-Star rating. CEO Steve Flatt stated: “We are incredibly excited about this milestone purchase. Because these buildings have been in our operational footprint for decades, our partners and patients will be unaffected by our transition from management to ownership. We expect this transaction to be immediately accretive to our cash flow and earnings, solidifying our footprint and creating long-term value for our shareholders.”
NHC’s Broader Senior Care Operations
National HealthCare Corporation operates a comprehensive network of post-acute and behavioral health services. NHC affiliates operate 80 skilled nursing facilities with 10,323 beds, 26 assisted living communities with 1,413 units, nine independent living communities with 777 units, three behavioral health hospitals, 34 homecare agencies, and 33 hospice agencies. The company also provides Alzheimer’s and memory care units, pharmacy services, rehabilitation services, and management and accounting services to third-party post-acute operators.
This article is an AI-assisted summary. All facts and figures are drawn from the original report: https://www.financialcontent.com/article/bizwire-2026-6-4-national-healthcare-corporation-acquires-five-skilled-nursing-facilities-in-strategic-50500000-transaction